Bursa Malaysia Stock Watch
Leong Hup Holdings...5th Time's A Charm (Sold for Annualised Returns @ 294%)
kltrader
Publish date: Fri, 15 Jan 2010, 09:35 AM
kltrader
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LHH was the first stock pick made by Alpha right at the beginning of this blog (refer to article dated 19 Oct 2009).
After a holding period of 2-3months amid net gains of appxm. 50%, I decided to take partial profits in search of other potential stocks.
EPF Investment Account (to rename as Golden Nest Portfolio)
Sold 23,000 shares at 1.56 for a gross profit of 51.5% (Annualised @ 206%) from a purchase price of 1.03 on a 3-month holding period. Balance: 20,000 shares for possible further upside.
The Reflexivity Portfolio
Sold all 10,000 shares for 1.58 for a gross profit of 49% (Annualised @ 294%) from purchase price of 1.06. Holding period: 2 months.
What's next?
I have identified another stock that offers huge upside amid low risk, likely to act very soon...
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